CenteForeign Account (Current & Savings)
Product Features
USD Accounts
- Opening balance – USD 10
- Minimum balance – USD 10
- Monthly management fees – Nil (Zero)
Other Currency Accounts
- Opening balance - EURO 60, GBP 60.
- Minimum balance - EURO 30, GBP 30.
NB.
- For Savings Forex Accounts, withdrawals and funds transfers from account can only be done by account holder,
- For Current Forex Accounts, the holders may also appoint an agent in writing, who can withdraw on their behalf,
- Quarterly accounts statements issued.
- For detailed pricing information on the various forex accounts, please refer to the Tariff Guide.
Benefits
- Unrestricted cash and cheque deposits.
- Access to a variety of loan products.
- Easy payments through cheques (for forex account holders).
- Interests on both Savings & Current forex accounts.
- Unrestricted cash withdrawals subject to the minimum balance.
- Minor and joint savings forex accounts are allowed.
- Earns interest of 0.25% per annum.
Requirements
- Opening cash deposit.
- 1 passport size photographs.
- Written application with operating instructions, stating the source of funding, currency and type of Account.
- Valid Nation Identification Card, Passport with National ID Number.
- Letter from employer or local authority.
- Reference from bank customer.
- Local currency (UShs) account with the bank.